ABSTRACT

This project  reviews the great importance of financial statement in assessing the financial position of a company. It provides its readers with basic understanding o1 financial statement content with the view of highlighting the data in it, its usefulness in ;iiia lviing thc general performance of the company and in making informed cconomic decision. In the same vein, this work tried to give a general view or rationale behind the recordiig and presentation of financial accounting information, its users and how well companieS have provided financial accounting information to meet the information need Of users of accouint I nu in formation. The researcher in his bid to answer sonic cca ic1 (p.iotat otis, considered the content of the annual report and account of \icriari Breweries J)J £ for 10 years (2000-2009) period to ascertain if truly its coiiteiit can guide or helf) an investor or financial analyst in evaluating the company's rcneral performance as well as how investment returns can affect investors' decision. Ins research work also portrayed some defects being observed in the presentation of nancial informal ion and its inherent adverse effect on the decision making of users of accounting in formation. Lastly, the researcher went on to proffer solution to these dent I lied problems on the presentation of financial reports/statements by icconinicndiiig possible ways by which accounting in formation can best be presented as H I ;i nicans by which a financial analyst or even a novice can effectively use the accounting ratios/ratio analysis and the data in the financial statement in evaluating the cncia I perfoiniance and financial stat us of any given organisat ion/company